There was a problem, but the files currently on the site seem to work fine now, and have updated subtitles.
The film is also viewable at http://video.google.com/videoplay?docid=-5960899000870748608
[Note in reply to Clementi: There is a Russian DVD release, which I obtained after a long Internet search for a company that would send it overseas. I have looked, but never seen in on sale in a store in Moscow or St. Petersburg. (You can see info about the DVD at http://www.ozon.ru/context/detail/id/3353380/
but Ozon won't send DVDs overseas.) Anyway, I don't hear the specific problems you report with the audio here. There is an huge amount of crackle and the sound is primitive -- but it's a 1934 Soviet movie after all. As for the DVD, it is not restored in any way -- no Criterion Collection release, this! The DVD producers clearly cut the treble, so you do hear less crackle, and perhaps their copy had less audio noise to begin with. But otherwise it sounds pretty much like what I posted. The DVD seems to have come from a more battered print as well, which is evident in the video. Needless to say, no subtitles.]
Comments: kizhesubtitles AT mit DOT edu